From the mundane to the extraordinary and all sorts in between - here you‘ll find out how the Cathcart-Mudd family is faring this European adventure of ours.

Friday, 16 November 2007

What's a little subsidence...... right?

Well, our offer on the flat was accepted (our solicitor wanted us to bid less than the asking price but we didn't want to risk it), and the survey on the flat has already happened. Most of it has happened I should say... Our solicitor called back and said that the tenement (that's what they call the older stone 3-5 story apartment buildings here) has had lots of underpinnings and a steel plate put underneath it. She said all this as if I should be freaked out, but I was like "thank goodness because it needs it in this area." We know someone next door and had heard all about the subsidence problems in this block due to an underground stream - how at one time the whole block was scheduled for demolition - but that a lot of the buildings had sunk several pretty pennies into reinforcing the buildings - yada yada yada. Our concern was not that it had structural issues, because we already knew that, we just wanted to make sure that the work had already been done so that we wouldn't need to worry about paying for it. But like I said, the solicitor was all cautious about the fact that the work had needed to be done and said that lots of customers back out of the deal as soon as they hear that any structural work has been done on a property. Maybe it's just because we're from California and structural work on buildings seems like a standard thing? Maybe it's just because we already knew about it and so were expecting to hear it? But I'm really not worried about the walls falling off or anything crazy like that. I am a bit worried about the resale of the flat when the time comes.... If our solicitor tried to flag us away, will the next lot of potential customers be shooed away too?
Oh well, we won't worry about it just yet. Once we get the full report from our survey I guess we can decide if we want to bail on this flat (and loose about $1K on the survey - ugh!) and continue looking or if we are happy with it as is and will continue with the sale. I'm thinking that we'll end up taking it. It's really nice! The kitchen is HUGE and living room is likewise quite large. There's a separate study with lots of built-in shelves for our books and CDs and it's only one flight of stairs. No private garden (there was not chance we could afford a private garden in this posh of a neighborhood).... but there's a shared garden, well they call it a "drying green" (aka grassy lawn) since most people hang their clothes to dry, even in the summer when it's raining! It's a snap in the winter because you just lay them on the radiators and they dry quicker than in the dryer and for no extra energy - but I digress!
So, to make a long story slightly less long... We get the full survey result on Monday, once the guy has had time to review the engineering reports that were obtained for the building. I'll let ya know how it all plays out!

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